Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] was able to rise past the $20.7k resistance level but faced more selling pressure above the $22k mark. At press time, the king of crypto was trading at $21.5k. The move upward from the $19k area over the past week saw Litecoin [LTC] climb meekly from $48 to $52. However, despite the tough fight to reclaim the $50 area, an uptrend… Source link

Bitcoin bull and CEO of MicroStrategy Michael Saylor talked about Bitcoin, Ethereum, Cardano, and their asset classification in the United States. This topic has gained more importance over the last month as the Securities and Exchange Commission (SEC) Chairman Gary Gensler claimed only Bitcoin is a commodity. Related Reading | U.S. Bank Will Connect With Ethereum’s MakerDAO To Borrow $100 Million  Other cryptocurrencies, such as Ethereum and Cardano, are at… Source link

Ether (ETH) price is up 16% since July 1 and has outperformed Bitcoin (BTC) in the last 7 days. The move could be partially driven by investors clinging to their hopes that the Ethereum network transition to proof-of-stake (PoS) consensus will be a bullish catalyst. The next steps for this smart contract involve “the Merge,” which was previously known as Eth 2.0. The final trial on the Goerli test network is expected in July before the Ethereum mainnet gets the green light for its… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current uncertainty in the market. Bitcoin’s Current Market Status Looking back at June, bitcoin (BTC) started the month trading around the $30,000 mark, however exactly four weeks ago today,… Source link

Ethereum is up by a whopping 16% in the past seven days alone as the bulls have pushed the price above $1200 and seek higher levels. The question is if this rally is sustainable or if we’re bound to go into another pullback. Technical Analysis By Grizzly The Daily Chart The following chart contains the daily 50 DMA (in yellow) and MACD (14, 30), marked in blue. During the last three attempts to initiate a rally, every time the MACD line broke the baseline, the histogram… Source link

Internet technologies are rapidly evolving, and people are taking advantage of them in full. Online entertainment, online payments, and online employment options are some of the things that Internet technologies have brought to our life. There is even a combo option for those who want to have fun and earn money at the same time. And this is something that online gambling offers. Many people bet on the Internet because it is a… Source link

In principle, MiCA offers a sweet deal to crypto companies – who, in exchange for jumping through the EU’s hoops, get to market their wares across the bloc, which is one of the biggest economies in the world. But there’s still some pretty major questions over exactly who will have to sign up to the new system, and whether stablecoin rules that are designed to avoid collapses like terraUSD’s (UST) might strangle the market all together. In particular, there’s a lot of confusion… Source link

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a… Source link

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.” Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called “Adam,” features a pointed bottom while the other, called “Eve,” is round-shaped. Also, the peaks of both… Source link